Sometimes the smallest residential electrical issue can be a  big headache. When outlets trip, for example, there are generally several electrical devices or appliances being used in one electrical zone. Then POP! No more power.

GFCIs May Be to Blame

Ground fault circuit interrupters (GFCIs) are outlets that trip themselves when they detect certain problems. They are designed to prevent electrical shock and other potential dangerous accidents, which is why they are required in bathrooms, kitchens, garages, outdoor areas, and unfinished areas .

Many homes have GFCIs in the required areas but not all over the house. So it’s common that electrical circuits will start at the GFCI and flow “downstream” to other outlets that are required to be GFCI’s. While this provides a level of protection for the entire circuit, a GFCI trip in the bathroom, for example, may take down an outlet in  another bathroom.  You would need  to identify the GFCI outlet where the trip happened and reset it. .  This can be a frustrating and time consuming process.

Faulty Outlet Solutions

Mortgage lenders try to look at the big picture, considering things like taxes and insurance when deciding how much they can loan out to homeowners and buyers. However, there's a major ongoing expense that appraisers currently don't take into account – monthly utility bills. You don't need to be an electrician to understand that the money you pay for power each month makes an impact on your budget and even affects the value of your home. A bill currently in front of Congress – the SAVE Act – would acknowledge that reality and let federal mortgage lenders make energy efficiency part of their formula.

Increasing the Value of Your Home

Essentially, the SAVE Act would make it easier to get financing for efficiency upgrades, even folding funding for it into traditional mortgages.

“This bill would require federal mortgage agencies to recognize the energy efficiency upgrades in a home during the mortgage underwriting process, thereby increasing the value of the home,” President of the Alliance to Save Energy Kateri Callahan said in a statement. 

The SAVE Act claims it would bring a number of benefits in addition to loosening the drawstrings on bank financing for efficiency. Among them:

A Diverse Group of Supporters

The SAVE Act was first introduced in 2013. Although Congress has yet to vote on the measure, it has lined up a diverse group of supporters who aren't typically on the same side of major issues, from the U.S. Chamber of Commerce and the National Association of Manufacturers to the Alliance to Save Energy, the National Resources Defense Council, the U.S. Green Building Council and others.

In the meantime, there are a number of steps you can take around your home today to cut down on your utility bills. If you need any help installing efficient appliances or upgrading your home electric system, contact an expert electrician today.